Because a Monopolist Must Lower Its Price in Order to Sell

question 378

Multiple Choice

Because a monopolist must lower its price in order to sell another unit of output,

• A)marginal revenue is less than price.
• B)long-term economic profits will be zero.
• C)total revenue increases as price increases.
• D)average revenue is less than price.

---

Definitions:

Critical Incidents

Specific events or situations that significantly contribute to an employee's success or failure in a job or assignment.

Global Rating

An overall assessment or evaluation made considering multiple factors or criteria, often used in performance reviews.

Subordinate Evaluations

The process of appraising and reviewing the performance of employees by their direct supervisors or managers, often for feedback and development purposes.

Developmental Purposes

Objectives focused on enhancing skills, knowledge, and competencies for personal or professional growth.